Smaller operators like tyro could argue the government's plan is just another example of government cutting competition and limiting choice to the big 4 banks.
banks may give free eftpos or ATM access but it does come at a cost to the banks. They just bundle their costs and fees into other services.
last time the RBA looked into this issue they reported they were happy with the status quo so I can't see them changing their policy this time around.
the big reason for retailers surcharging is they can no long's afford to absorb bank fees so have adjusted their prices accordingly. A ban would potentially just cause a 1% increase in sales price
TYR Price at posting:
80.0¢ Sentiment: Hold Disclosure: Held
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